Can I sell off part of my business without losing control?
Yes, you can sell off part of your business and keep control.
In general there are two types of situations when selling off part of your business is viable
- raising capital to expand your business
- progressive sell down when you are heading towards retirement
Naturally any new investors will consider whether the corporate governance arrangements can sufficiently protect their minority investment, which is usually done through a shareholders agreement. Shareholders agreements may cover issues such as directors, sale of shares, approval of major transactions, dividends, reporting and liquidity
I am particularly a fan of the progressive sell down, as part of an exit planning exercise
The short answer is yes, but you really need to get professional advice. Talk to your accountant and lawyer - agreements will need to be drawn up to protect both you and the purchasers of part of the business. It's way too involved to get into here.